Financial planning or wealth management?

Financial planning or wealth management?

By Susan Yellin – sunlife.ca It takes financial planning to create wealth, but you needn’t be wealthy to plan. So what’s the difference between planning and wealth management? A financial plan is not a single-purpose, one-time task. In fact, when you embark on this crucial strategy, it’s important you think of it as a multi-step, […]

Don’t let the news affect your retirement planning

Don’t let the news affect your retirement planning

The alarming headlines of 2017 might be tempting investors to take drastic action. But it’s smarter to take a deep breath and a longer view. For Canadian investors, 2017 has provided plenty of potential worries, with an erratic U.S. president given to Twitter eruptions being arguably the largest. The real danger for investors is that […]

Looking for guaranteed retirement income? Think about an annuity

Looking for guaranteed retirement income? Think about an annuity

By Sheryl Smolkin – Sunlife.ca As retirement nears, the focus changes from building your nest egg to converting it into income. But how can you avoid outliving your money? This is a vital concern, particularly when you’re looking at 30 or more years of retired life. Drawing down the capital and investment return from a […]

Where do I Start With Retirement Income Planning

Where do I Start With Retirement Income Planning

Laying a sound foundation for retirement income involves careful planning. Where do you start? In this segment of Life & Money Matters Peter shares eight simple steps to help you get started on your retirement future. Transcript: Where do I Start With Retirement Income Planning

Estate planning – not just for the wealthy

Estate planning – not just for the wealthy

By Louise Armstrong – Foresters Blog Do you have an estate? Many people think they don’t but if you have assets, then you have an estate. It’s made up of everything you own including your home, your life insurance policies, your investments and even the brooch that was passed down to you from great Aunt Ethel. […]

Retirement Realities for Boomers

Retirement Realities for Boomers

Does your retirement reality fit your own vision and experiences? In this video, Peter demystifies the commonly held perceptions about retirement among boomers and younger generations. Transcript: Retirement Realities for Boomers

4 financial planning mistakes to avoid

4 financial planning mistakes to avoid

By Deanne Gage – sunlife.ca If you want to achieve your financial goals, what you do is only part of the story. What you don’t do is just as important. Want to meet your financial planning* goals with few issues? To increase your chances of achieving financial security, avoid these 4 mistakes: 1. Waiting too […]

Pay Yourself First

Pay Yourself First

The power of saving early and steadily for the long term can make a great impact on your retirement lifestyle. In this installment of Life & Money Matters Peter shares some thoughts on the benefits of paying yourself first. Transcript: Pay Yourself First

Four Retirement Questions for Retirees

Four Retirement Questions for Retirees

Market volatility and increasing expenses can have many retirees concerned whether their retirement income will last as long as they live. In this video segment, Peter discusses four key retirement questions you should consider to help plan for the unexpected. Transcript: Four Retirement Questions for Retirees

Top Retirement Planning Concerns

Top Retirement Planning Concerns

Media headlines and market uncertainty have left many aging investors with the feeling “I’m worried that I won’t have enough”. In this first segment of Life & Money Matters, Peter shares some of the top retirement planning concerns among investors. Transcript: Top Retirement Planning Concerns

What does the 2017 Federal budget mean for you?

What does the 2017 Federal budget mean for you?

The new Liberal government announced changes in their budget in March, 2017 that affect your personal finances. PDF Version

Do you understand your NEW investment statement?

Do you understand your NEW investment statement?

Client Relationship Model, Phase 2 (CRM2) is an industry-wide regulatory initiative mandated by the Canadian Securities Administrators (CSA). What is CRM2? CRM2 is an industry-wide regulatory initiative that the Canadian Securities Administrators (CSA) have mandated under National Instrument 31-103. Starting in July 2014 and over the next two years, a number of changes will be […]

How the Corporate Insured Retirement Program  works with Corporate Borrowing

How the Corporate Insured Retirement Program works with Corporate Borrowing

An option to consider – the Corporate Insured Retirement Program with Corporate  Borrowing With this financial planning strategy,  your corporation deposits funds into a permanent life insurance policy in excess of the amount required to cover the insurance and other policy costs. In the future,  your corporation assigns the policy to the bank as collateral […]

How to save for tomorrow when you’re not sure about today

How to save for tomorrow when you’re not sure about today

By Kim Armstrong – sunlife.ca Job insecurity doesn’t have to mean financial insecurity. These 5 tips will help you improve your financial health and plan for a brighter future. Sophia Erikson is a 26-year-old who, for the past 2 years, has had to live away from her family and friends, moving from one contract job […]

Using Critical Illness Insurance to Protect your Retirement

Using Critical Illness Insurance to Protect your Retirement

You have a retirement plan set out and it includes your RRSP.  Could a health interruption get in the way of your plan? If you need to withdraw money from your RRSP, not only can it affect your RRSP’s growth, it’s considered taxable income. In fact for every $1.00 you need, you’ll have to withdraw $2.00, based […]

RRSPs turn 60: a birthday review

RRSPs turn 60: a birthday review

By Susan Yellin   In 2017, the venerable registered retirement savings plan (RRSP) turns 60. Like any 60-year-old, the RRSP has its strengths and weaknesses. Happy birthday, RRSPs. Introduced in 1957 (even before the Canada Pension Plan), registered retirement savings plans (RRSPs) were devised as and continue to be a way for Canadians who don’t […]

How Does an RRSP Contribution Reduce Your Income Tax?

How Does an RRSP Contribution Reduce Your Income Tax?

Here is a simple example to help explain. Joe: Annual Salary:  $50,000 Income Tax Paid:   – $11,036 After-Tax Income:    $38,964   An allowable RRSP contribution can be deducted From your income.  In other words your income will be lower when calculating how much income tax you owe for the year. If your income is […]

Money Facts 2017

Money Facts 2017

Manulife Solutions – Winter Edition 2016/2017

Manulife Solutions – Winter Edition 2016/2017

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Where do you get your financial and life insurance advice?

Where do you get your financial and life insurance advice?

Everyone has that uncle, or best friend, who has a hot stock tip or who can get you in on the ground floor of the latest thing since the iPod. Are they right? Will they help make you financially secure? Maybe. But are you willing to risk your financial future on it? If you’re like […]